On 1 September 2010, the Global Fund Board approved a continuity of services (COS) application from the Russian Federation for a Round 4 HIV grant, in the amount of $16,623,895, for the period from 1 September 2010 to 31 August 2011.
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In August 2010, the Global Fund Board rejected a request for funding for Phase 2 of a Round 6 tuberculosis (TB) grant in Sri Lanka. This is the first time in more than three years that the Global Fund has declined to approve a Phase 2 request. Some Board members opposed the decision.
In the first eight months of 2010, 13 countries went through a grant consolidation process, a feature of the Global Fund's new grant architecture. In the process, 38 grants were consolidated into 19, and single-stream-of-funding agreements were signed for these 19 grants. The Global Fund estimates that this will result, on average, in a reduction of 50% in transaction costs for implementers.
Despite having relatively little funding available, the Global Fund Board has approved 85 Round 9 grants that will cost up to $1.99 billion over the first two years. This makes Round 9 the Fund's second largest round, after Round 8. In addition (see article 3, below), the Board approved five "National Strategy Applications" that will cost $0.39 billion over the first two years.
The Global Fund Board has approved five grants in the "first learning wave" of National Strategy Applications (NSAs). The approved proposals requested $434 million over the first two years and $756 million over their lifetimes (up to five years).
GFO's next issue, targeted for publication in the next few days, will provide information on the other key decisions made at the November 9-11 Board meeting.
The Global Fund Board yesterday concluded a two-day meeting in Kunming, China. This was the first board meeting chaired by Rajat Gupta, former CEO of McKinsey & Co., and the first attended by Michel Kazatchkine since he settled in as the new Executive Director.
Key decisions made by the Global Fund Board at the meeting that ended yesterday were, in chronological order, as follows. (For precise wording of what the Board agreed, check in www.theglobalfund.org/en/files/boardmeeting16/GF-BM16-Decisions.pdf for the Decision Points specified below.)
Based on advise from the Technical Review Panel (TRP), the Board divided eligible Round 7 proposals into five Categories, as follows:
This morning, the Global Fund issued the following press release:
2 November 2006